RegAlert2018-11-23
Added
Official Holidays Applicable to Financial Institutions for the Year 2019
The Central Bank of Timor-Leste establishes the national and official commemorative holidays applicable to financial institutions for 2019, listing 17 specific dates including New Year's Day, Good Friday, and Christmas Day. The resolution grants the Governor the authority to permit financial institutions to close on government-established dates as a matter of point tolerance on a case-by-case basis. Two holidays, Eid al-Fitr and Eid al-Adha, are designated as variable-date holidays to be confirmed later. The regulation applies to all financial institutions under the Central Bank's jurisdiction and was approved on November 23, 2018.
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RESOLUTION OF THE BOARD OF DIRECTORS
No. 80/2018
ON OFFICIAL HOLIDAYS APPLICABLE TO FINANCIAL INSTITUTIONS FOR THE YEAR 2019
In accordance with Law No. 3/2016 of May 25 and the first amendment to Law No. 10/2005 of August 10 regarding National Holidays and Official Commemorative Dates.
Considering the provisions of Article 5, letter j) of Law No. 5/2011 of June 15 on the Organic Law of the Central Bank and Article 3 of Instruction No. 1/2005 on Official Holidays Applicable to Financial Institutions, the Central Bank of Timor-Leste determines the holidays for the year 2019 applicable to financial institutions.
Thus, the Board of Directors of the Central Bank of Timor-Leste, in accordance with the provisions of Article 45, letter w) of Law No. 5/2011 of June 15, resolves:
Article 1.
Holidays and Official Commemorative Dates
The National Holidays listed in the annex to this Resolution are applicable to financial institutions.
Article 2.
Point Tolerance
The Central Bank of Timor-Leste may, on a case-by-case basis and through a Decision of the Governor, allow financial institutions to close their operations on the dates established by the Government, in accordance with the law, as point tolerance.
Approved on November 23, 2018
Abraão de Vasconselos
Governor
Resolution of the Board of Directors No. 80/2018 1 of 3
Annex to Resolution No. 80/2018
HOLIDAYS OF THE YEAR 2019 APPLICABLE TO FINANCIAL INSTITUTIONS
| No. | Date | Day | Description |
|---|---|---|---|
| 01 | 1 January | Tuesday | New Year's Day |
| 02 | 3 March | Sunday | Veterans Day |
| 03 | 19 April | Friday | Good Friday |
| 04 | 1 May | Wednesday | Labor's Day |
| 05 | 20 May | Monday | Restoration of Independence Day |
| 06 | 5 June* | Wednesday | Celebration of Idul Fitri |
| 07 | 20 June | Thursday | Corpus Christi |
| 08 | 12 August* | Monday | Celebration of Idul Adha |
| 09 | 30 August | Friday | Public Consultation Day |
| 10 | 1 November | Friday | All Saints Day |
| 11 | 2 November | Saturday | All Soul's Day |
| 12 | 12 November | Tuesday | National Youth Day |
| 13 | 28 November | Thursday | Proclamation of Independence Day |
| 14 | 7 December | Saturday | Memory Day |
| 15 | 8 December | Sunday | Immaculate Conception Day, Patroness of Timor-Leste |
| 16 | 25 December | Wednesday | Christmas Day |
| 17 | 31 December | Tuesday | National Heroes Day |
*Variable date holiday
Annex to Resolution No. 80/2018
OFFICIAL HOLIDAYS APPLICABLE TO FINANCIAL INSTITUTIONS FOR THE YEAR 2019
| No. | Date | Day | Description |
|---|---|---|---|
| 01 | 1 January | Tuesday | New Year's Day |
| 02 | 3 March | Sunday | Veterans Day |
| 03 | 19 April | Friday | Good Friday |
| 04 | 1 May | Wednesday | Labor's Day |
| 05 | 20 May | Monday | Restoration of Independence Day |
| 06 | 20 June | Thursday | Corpus Christi |
| 07 | 5 June* | Wednesday | Celebration of Aid al Fitr |
| 08 | 12 August* | Monday | Sacrifice Day (Aid al Adha) |
| 09 | 30 August | Friday | Public Consultation Day |
| 10 | 1 November | Friday | All Saints Day |
| 11 | 2 November | Saturday | All Soul's Day |
| 12 | 12 November | Monday | National Youth Day |
| 13 | 28 November | Thursday | Proclamation of Independence Day |
| 14 | 7 December | Saturday | Memory Day |
| 15 | 8 December | Sunday | Immaculate Conception Day |
| 16 | 25 December | Wednesday | Christmas Day |
| 17 | 31 December | Tuesday | National Heroes Day |
*) To be confirmed
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Source: Banco Central de Timor-Leste — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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